Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

The Market May Be Almost Ready To Accept Nationstar Again

Nationstar (NYSE:NSM) has been a tough investment since I first wrote about the stock earlier this year. Despite having a lot of potential for the future and being a great operator in its space, the stock has bounced up and down between 30 and $35 for much of the year. I'm certainly disappointed that the market remains so pessimistic on the story, but I continue to believe that ultimately the stock will move much higher.

One fundamental tenet underlying the business of major banks today is to outsource all mortgage servicing as fast as possible. Banks want to make loans, but they do not want to service those loans. Doing so just makes them far too much of...

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